10.09.2025 19:26

Following the release of surprisingly positive economic data, the price of Bitcoin experienced a significant upswing. Information gleaned from internet sources indicates that the Producer Price Index (PPI) for the U.S. revealed a substantial decrease, fueling optimism in the cryptocurrency market.

Specifically, statistics from the Bureau of Labor Statistics revealed that the PPI fell to 2.6% year-over-year in August, considerably lower than both the anticipated 3.3% and the previous reading of 3.3%. The monthly data also presented a figure of -0.1%, also falling short of the predicted 0.3%. In addition, the core U.S. PPI registered at 2.8%, also below the anticipated 3.5% and the prior reading of 3.7%.

Consequently, this information has instilled confidence in market participants, particularly following the higher-than-expected PPI figures observed in the previous month. As a result of this encouraging inflation data, Bitcoin's price surged dramatically, surpassing the key psychological threshold of $113,000. Per TradingView data, the leading cryptocurrency is currently valued at approximately $113,200.

Before the PPI data was made public, Bitcoin's price had already risen from a daily low of $110,700. These figures suggest a positive outlook for Bitcoin and the broader cryptocurrency market, as they increase the likelihood of the Federal Reserve lowering interest rates, potentially even by a more substantial 50 basis points. Attention is now directed toward the impending Consumer Price Index (CPI) data, which is scheduled for release tomorrow and represents the final major economic indicator before the Fed's upcoming monetary policy decision next week. Macroeconomic indicators currently point toward a weakening labor market amidst stable inflation, a situation that Fed Chair Jerome Powell has already alluded to as potentially necessitating lower interest rates due to risks to the labor market.